Answer and Explanation:
Capitalism:
- based on individual rights
- economic system where trade and industry is owned privately by individuals to make money
- promotes differences within individuals based on their "class"
- countries with Capitalism usually have a Democracy
- individuals can freely choose their job
- profit/wages depend on an individual's willingness to put in work/effort
- Example: USA, Canada
Communism:
- based on community rights
- economic system where trade and industry is controlled by the entire community, money is shared based on an individual's abilities/needs
- promotes egalitarianism
- countries with Communism usually support Totalitarianism
- the state determines an individual's job/employment
- states provides all resources; businesses are owned by the state
- Example: (formerly) Soviet Union and (formerly) China during the Cultural Revolution
Have a lovely rest of your day/night, and good luck with your assignments! ♡
~ ren